A STUDY ON GOODS AND SERVICES TAX (GST)

AUTHOR – SANDEEP YADAV, STUDENT AT AMITY LAW SCHOOL, AMITY UNIVERSITY LUCKNOW

BEST CITATION – SANDEEP YADAV, A STUDY ON GOODS AND SERVICES TAX (GST), INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (2) OF 2024, PG. 548-551, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

Goods and Services Tax is an indirect tax which is imposed in India to enhance and support the economic growth of the country. Most of the Developed countries have implemented Goods and Services Tax Bill (GST). However, in India, GST was established in 1999. A committee was set up  to  design  the  model  of  GST.  But  GST  was  re-launched  on  1  July  2017  by  the  Indian government.  There  was  a big  hue and cry for  its  implementation.  The  GST replaced  all the multiple taxes which  were taken by state and central  government. That is why it is  said  „One Nation One Tax‟ which means there is no need to pay any other tax in all over the country. The study systematically reviews the impact of GST  in India. The study  provides the  bibliometric visualization and sentiment analysis of GST. It was found that the government‟s motive of GST was to bring all the people of the country under the tax and to prevent the flow of black money. But  it  was  observed  that  lots  of  Indian  citizens‟  sentiments  were  in  a  dilemma.  So,  it  is recommended to revisit the structure and keep a scope of continuous improvement. Keywords: GST, Goods and Services Tax Bill, Sentiment Analysis, Bibliometric Visualization, India.